Quoting from a White House fact sheet on it won’t get you very far. We’re three years out from the legislation now and we can see that these rules that were “proposed” for companies getting money from CHIPS haven’t been fully followed.
The Commerce Department’s standards don’t require companies receiving billions in public funds to allow their workers to unionize.
prospect.org
Bernie’s opposition to the bill (though I suspect he would’ve voted for it if it was in failure of not passing) was rooted in the fact that it was a giveaway to private companies at a time when many Americans were hurting post-COVID.
For the same amount of money, we could’ve done a lot more on that end. People see their child tax credit expiring while Intel gets billions of their tax payer dollars. Stuff like is is the very kind of stuff Trump was able to exploit in 2024.
Sanders specifically wanted a return on investment guaranteed to Americans since we are using American tax dollars. The money given via CHIPS shouldn’t go to further enriching CEOs and other executives, it should 100% go to investing in America and Americans.
That’s why Bernie voted against it. But you can easily Google this and see that.